🚨SHIBA INU COIN PRICE AT RISK:

SHIBAINU FEES DECLINE:

The current price of Shiba Inu is at risk due to a decline in the burn rate and Shibarium fees. The burn rate has decreased by over 98% in the past 24 hours, with only 507,123 SHIB burned.

The significant drop in the burn rate, combined with declining Shibarium fees, has led to a price decrease.

Currently, the price of Shiba Inu is $0.00002229, with a 24-hour trading volume of $638.55 million.

The market capitalization of this coin stands at $13.14 billion, and its circulating supply is approximately 589.26 million SHIB.

The decline in Shiba fees is also a concern, as it indicates reduced activity on the network. The average transaction fee on Shibarium has continued to decrease after reaching a peak of 0.0004 earlier this month. Additionally, the total value locked on Shibarium has dropped to $3.55 million from over $6 million on December 7.

These factors have led to bearish sentiment, with some analysts predicting a potential price drop to $0.00001590, the lowest on October 25. However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.